December 21st Update: 聽is reportedly in talks with the SoftBank Vision Fund to invest “upwards of $1 billion” and as much as $1.5 billion in additional late-stage funding, . It is unclear whether this would be a continuation of Grab’s Series H or a separate series of shares.聽附近上门 News聽reached out to the Vision Fund, which declined to comment.
Last week,聽, the designer and manufacturer of Yamaha motorcycles, announced it’s investing $150 million in the company. In its聽, Yamaha said it will partner with Grab to expand its scooter share availability in Indonesia.
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It鈥檚 difficult to keep track of who invested how much and when into this ongoing Series H. So, 附近上门 News figured we鈥檇 spell it out. Take a look at the chart below, particularly if you鈥檙e just catching up.

The most notable investment announcements from above include that $1 billion Toyota funding first announced in June 2018, which kicked off the round that will reportedly reach $3 billion by its closing time. Tallying up the numbers, the round currently stands at $2.65 billion, not including the undisclosed amount that Microsoft invested in the company in October.
If the Series H reaches $3 billion Grab will have raised a known total of nearly $6.7 billion in equity financing. Based on the $9 billion pre-money valuation at the time of Toyota鈥檚 first commitment, a total capital infusion of $3 billion would bring Grab’s post-money valuation up to as much as $12 billion.

Of course, as we have mentioned many times before, Indonesia is Grab鈥檚 top competitor ‘s home base. Go-Jek started off in the country by offering a motorcycle hailing application and it has quickly expanded into other verticals in Indonesia, aiming to be Asia鈥檚 next big online-to-offline superapp. This year, Go-Jek began its geographical reach into other areas of Southeast Asia including Grab鈥檚 home base in Singapore.
It鈥檚 a tight race, and with capital pouring in from all angles鈥揻rom automakers to big tech鈥搃t will likely only heat up from here.
Illustration Credit:
Editiorial Update: A previous version of the first chart mistakenly listed Grab’s two $1 billion announcements as “$1,000B.” It has since been updated.聽
Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.


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